Oil output restrictions worth discussing if prices go below $50 - minister

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Reuters MOSCOW
Last Updated : Sep 01 2016 | 2:22 PM IST

MOSCOW (Reuters) - Russian Energy Minister Alexander Novak said it might be worth more actively discussing restricting output if oil prices fell below $50 per barrel, Russia's RIA news agency quoted him as saying on Thursday.

"In my view, current prices at around $50 are normal prices. If prices fall, we can engage more actively in this issue," Novak said in response to a question whether he thought that output restrictions were expedient.

(Reporting by Maria Kiselyova; Writing by Maria Tsvetkova)

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First Published: Sep 01 2016 | 2:01 PM IST

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